General form of registration statement for all companies including face-amount certificate companies

Loss per common share

v2.4.0.8
Loss per common share
 9 Months Ended 12 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Earnings Per Share [Abstract]    
Loss per common share
Note 2 – Loss per common share
 
All shares issuable for both periods were anti-dilutive because of the reported net loss. Basic and diluted loss per share for the nine months ended September 30, 2013 and 2012, respectively, were as follows: 
 
 
 
Nine Months Ended
 
 
 
September 30,
2013
 
September 30,
2012
 
Loss available to stockholders
 
$
(3,338,552)
 
$
(1,509,891)
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding - Basic and diluted
 
 
13,212,894
 
 
13,166,080
 
Basic and diluted loss per share
 
$
(0.25)
 
$
(0.11)
 
 
 
 
 
 
 
 
 
Anti-dilutive shares underlying stock options outstanding
 
 
1,134,000
 
 
1,095,250
 
Anti-dilutive convertible debentures
 
 
75,806
 
 
75,806
 
Note 3 — Loss per common share
 
Basic and diluted earnings per share for the years ended December 31, 2012, 2011, and 2010, respectively, were as follows:
 
 
 
2012
 
2011
 
2010
 
Loss available to stockholders
 
$
(1,636,957)
 
$
(1,574,501)
 
$
(355,308)
 
Weighted average shares outstanding – Basic and diluted
 
 
13,135,072
 
 
12,052,914
 
 
11,470,658
 
Basic and diluted loss per share
 
$
(0.12)
 
$
(0.13)
 
$
(0.03)
 
Anti-dilutive shares underlying stock options outstanding
 
 
1,096,500
 
 
1,095,250
 
 
620,000
 
Anti-dilutive shares underlying convertible debentures
 
 
75,806
 
 
159,140
 
 
159,140